Thinking about: The free market

Looking at the current economic mess, it’s now become fashionable to claim that the free market doesn’t work. But doing so is no different than taking the steering wheel and brakes off of a car, then claiming that cars don’t work as it goes plunging at full speed over a cliff. Markets only work if you don’t screw with their processes, and the market, in order to work, is going to have to involve pain for bad decisions. Backstopping investors with tax dollars, or cutting huge checks out of the Treasury to “to big to fail” institutions is no different than taking the brakes and steering off of a car careening toward a cliff. That’s not the “free market,” that’s “crony capitalism,” and attempting to conflate the two so as to tarnish the one system that can potentially produce the maximum of human weal is madness.

Or a concerted effort by those who do not like the idea of human weal – for other humans, anyway.

Disclaimer

My blog posts and comments are nothing more than the ramblings of just another guy, ya know? They are only personal opinions, observations, and discussion - I specifically do NOT give legal advice to the public, in general, in public and NOTHING said herein should be construed as legal advice to you. Consult your own darned attorney before doing anything that could result in criminal or civil liability to you. Or consult him in general just before breakfast - he'll have less work then and will be thankful for the extra billables.

*if I am, then you already know how to get ahold of me, and it's not in a public forum.